Posted on 11/18/2015 8:45:38 AM PST by bananaman22
The horrific attacks in Paris prompted a swift response from French President Francois Hollande, as he dispatched an aircraft carrier to the Eastern Mediterranean a day after airstrikes hit the key city ISIS stronghold of Raqqa.
The United States responded with airstrikes on Monday, November 16, targeting hundreds of trucks that the U.S. military believes are used for smuggling oil. The NYT reported that 116 trucks were destroyed in American airstrikes by A-10 planes and AC-130 gunships in eastern Syria.
ISIS generates millions of dollars per day by smuggling oil from Syrian oil fields, a source of revenue that has been used to finance its operations. The U.S. says that it has refrained from aggressively striking these convoys – which could consist of more than 1,000 fuel tanker trucks – out of a concern over civilian casualties. But in a stepped up effort, the U.S. military has launched a campaign called Tidal Wave II, named after the operation to take out Romanian oil fields during World War II to hinder Nazi Germany.
(Excerpt) Read more at oilprice.com ...
Two reasons. First the world is in an oversupply condition relative to current demand. Small interruptions in supply don't leave the global demand searching for more oil; it is readily available without significant price jump.
Secondly, Syria today is rather insignificant in their share of the global oil supply. A lot of what they were producing a couple years ago is barely trickling out already.
There is an oil pipeland that runs along the golan heights from jordan, i think, to the med. Even during the ‘73 war it was pumping oil.
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